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Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: Stoctrash who wrote (26943)	12/20/1997 8:49:00 AM
From: Rarebird	Read Replies (2) \| Respond to of 50808

Fred, it's not so easy to pick short term bottoms in Bear Markets, it's alot easier to pick tops. Would I go long Cube in a countertrend rally? Sure, but one has to act quickly or you lose a good portion of the advance. I would expect Cube to open sharpely higher on Monday. The time to buy was the last half hour on Friday, which I didn't. Why? I was to emotionally drained from realizing I had to cover ( see your Rareness is Human all to Human, after all ). Secondly, I'm not in front of a Bloomberg terminal all day, like you. I get real busy at my learning center in the afternoon after school lets out. I carry around a Quotrek during the day ( from DBC ) which helps. Who knows, maybe ( but I doubt it) I'll get a second chance at the open on Monday. I think the Nasdaq may rally very nicely over the next 2 weeks before earnings worries resurface at the start of the New Year. After that, it will all depend on earnings from Intel, Microsoft, Compaq, Motorola, etc. I don't think they will come through to the markets satisfaction, and we will get another leg down. There is no real buying power in this market these days. Advances are the result of the shorts taking profits. PS. I don't want to belabor the point ( and I know I haven't been nice at times ) but I was very upset about the way the AC situation was handled over the summer. He should have been put in his place when he tried to equate investing in Cube with you know what! I backed off in the begginning but when there was silence or consent I responded. I'm not going to pursue this further, but this is my feeling.

To: Stoctrash who wrote (26943)	12/20/1997 1:15:00 PM
From: BillyG	Read Replies (1) \| Respond to of 50808

In case anyone doubts whether Wall Street Inc. will screw you on the NASDAQ.................. biz.yahoo.com Settlement soon in brokerage firm lawsuits-sources WASHINGTON, Dec 19 (Reuters) - Settlement of a class-action lawsuit charging 31 brokerage firms with price-fixing may be resolved before the year's end, industry sources said Friday. Resolution of the lawsuit against the Wall Street firms, could result in the largest antitrust settlement in a civil suit, the sources said. ''They took a lot of money from a lot of people,'' said Robert Skirnick, an attorney for the plaintiffs. Four firms contacted -- Merrill Lynch [NYSE:DJM - news] & Co, Bear Stearns Cos, Goldman Sachs & Co and the former Smith Barney Inc, now part of Travelers Group Inc [NYSE:TRV - news] -- refused to comment on the litigation. Attorneys for some of the defendants did not return calls. Attorneys on both sides of the case are under court orders not to discuss details, said Skirnick, partner with Meredith, Cohen, Greenfogel & Skirnick, a New York law firm. The lawsuit was brought on behalf of people who bought and sold securities on the Nasdaq electronic stock market with the complaint alleging the Nasdaq market makers conspired to widen the spreads between the bid and the ask price. The suit was filed on behalf of Nasdaq buyers and sellers for a small number of stocks, but subsequently expanded to 1,659 Nasdaq national market stocks that were the subject of the alleged price-fix. Of 37 firms accused in the class action lawsuit, six have settled for a total about $100 million, said Robert Skirnick one of the counselors for the plaintiffs. The six are: Jefferies Group Inc [NYSE:JEF - news], Sherwood Securities, Kidder Peabody & Co., Cantor Fitzgerald LP, Montgomery Securities Inc, a unit of NationsBank Corp (NYSE:NB - news) and Herzog, Heine Geduld Inc, said Skirnick, In July, 1996, the Justice Department filed a lawsuit in New York federal court, alleging that Wall Street brokerage firms violated antitrust laws by engaging in anti-competitive activities and a proposed civil settlement resolving the case. The settlement against 24 firms on charges of price fixing required the firms to tape and monitor part of their Nasdaq traders' conversations, with the Justice Department being able to listen in on those conversations. But it was William Christie, a professor at Vanderbilt University, one of two academics who presented a landmark study in 1994, that led to the Justice investigation into the pricing activities on Nasdaq. Microsoft gets the press, while the real humping is happening on Wall Street.........